Activity in Manhattan’s luxury market bounced back last week after a dismal performance during the last full week of September.  Signed contracts jumped to 20 last week from a three-year low of eight recorded in the previous period, according to a weekly report by Olshan Realty of homes in the borough asking $4 million or […]

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Manhattan Luxury Market Rebounds: Giorgio Armani Residences, One High Line Top Sales

Manhattan Luxury Market Bounces Back

Key Points:

• Activity in Manhattan’s luxury market rebounds after a slow end to September
• Signed contracts increased to 20 last week, up from a three-year low of eight
• Giorgio Armani Residences and One High Line top the list of luxury sales
• Olshan Realty reports on homes in the borough asking $4 million or more

Market Resurgence

Recovery After a Slow September

Manhattan’s luxury market experienced a significant rebound last week, following a dismal performance during the last full week of September. Signed contracts jumped to 20 last week, up from a three-year low of eight recorded in the previous period, according to a weekly report by Olshan Realty of homes in the borough asking $4 million or more.

Giorgio Armani Residences and One High Line Lead the Way

Two notable luxury developments, Giorgio Armani Residences and One High Line, topped the list of signed contracts last week. These high-end properties contributed to the resurgence in Manhattan’s luxury market, attracting buyers with their unique offerings and prime locations.

Expert Insight

Real estate expert Jessica Fulk weighs in on the recent uptick in Manhattan’s luxury market. She suggests potential buyers and sellers ask the following questions:

“What factors contributed to the recent rebound in Manhattan’s luxury market? How can buyers and sellers capitalize on this resurgence? Are there any trends or patterns in the types of properties that are selling well?”

As an expert in real estate, Jessica encourages people to think critically about the market and consider how these trends may impact their own real estate decisions.

Final Thoughts

Manhattan’s luxury market has shown a promising rebound, with Giorgio Armani Residences and One High Line leading the way in signed contracts. As the market continues to evolve, it’s essential for buyers and sellers to stay informed and consider the insights of experts like Jessica Fulk. By asking the right questions and staying engaged with the market, individuals can make well-informed decisions when it comes to luxury real estate in Manhattan.

Orginal article: Link To Article – provided by Kansas City Realtors